Search
 

Related Celebrates Southeast Towers Building Reopening

MIDDLETOWN, NY-The company has invested $3 million to upgrade the 107-unit building since buying it this past January.

By Rayna Katz | Updated on December 19, 2013

MIDDLETOWN, NY-Related Companies and Middletown Mayor Joseph DeStefano Thursday celebrated the grand reopening of the Southeast Towers residential building after it underwent extensive renovations. Over the last year, Related has invested $3 million to improve the apartments, public spaces and overall quality-of-life for the 113 residents living in the building’s 107 affordable units. Related also committed to retain the affordability of the complex for an additional 30 years.

“The renovations made here at Southeast Towers are a testament to our commitment to building better communities for all,” says Matthew Finkle, president of Related Affordable. “Related Affordable believes that everyone, regardless of income level, should have a nice place to call home, and that’s why we have pledged to never take an affordable unit to market rent.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.